Blockchain Power invests almost USD 1.8 M in new bitcoin mining equipment at Dorobantu wind farm

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Canadian Blockchain Power Trust has received a major shipment of mining rigs for its European subsidiary. It’s about 1,550 mining units for Dorobantu wind farm that arrived in Romania and which are expected to be operational by the beginning of May 2018, a press release informs. This represents an aggregate of 21.7 petahash per second (PH/s) of combined hashing power at a net purchase price of USD 81,000 per petahash.

The investment is estimated at USD 1.76 million.

In addition, the previously acquired Hashtank H40 is currently undergoing testing by the manufacturer and is expected to be delivered to Romania and fully commissioned by the end of the second quarter of 2018, bringing the Trust’s aggregate installed petahash to 27.8 PH/s.

Blockchain Power has also reported that production of its renewable energy projects for the year ended December 31, 2017 was an aggregate 71,849 MWh, representing an increase of 61 percent and 146 percent, respectively, over the 44,560 MWh produced in the year ended December 31, 2016 and 29,178 MWh produced in the year ended December 31, 2015. Production for the first quarter of 2018 was 45,353 MWh compared to 19,570 MWh in the same period of 2017, an increase of 132 percent.

“We are very pleased with the progress we have made so far to expand into the cryptocurrency mining space and look forward to integrating cryptocurrency mining operations with our existing renewable power generation platform to further diversify the Trust’s revenues,” J. Colter Eadie, Chief Executive Officer of Blockchain Power commented.

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